14 June 2013 05:18 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Yisheng Petrochemical has shut its 2m tonne/year purified terephthalic acid (PTA) unit in Hainan in southern China on 13 June to balance weak demand, a company source said on Friday.
“Market demand in southern China is limited,” the source said.
The company has not set a definite date for restarting the plant, he added.
The Hainan PTA unit was earlier restarted on 20 May after being shut in early April because of poor market conditions, the source said.
The company aims to produce more PTA from the Hainan plant after it starts up its new polyethylene terephthalate (PET) bottle chip lines at the same site, the source said.
The company’s total new PET bottle chip production capacity in Hainan is 1m tonnes/year, but the company plans to put into operation half of the capacity at the first stage in the third quarter, according to the source.
There are three major PTA producers with PTA units in southern China. The other two producers are Xianglu Petrochemical and BP Zhuhai, with 1.65m tonne/year and 1.6m tonne/year PTA capacities respectively.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections